Compulsory Audit is required by chartered accountants if turnover of VAT Dealer exceeds specified amount

Such amount depends upon state to state


Exam Questions

Question 15
State with reasons in brief whether the following statements are correct or incorrect with
reference to the provisions of value added tax laws:

(ii) VAT laws of different States require a registered dealer to compulsorily get his books of
accounts audited irrespective of the quantum of his turnover.

View Answer
  1. Indirect Tax
  2. Vat

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.